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Bloomberg Quint

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Image Credit: Bloomberg Quint

Swiggy, Eternal Shares Outrun Chinese Peers On Profit Hopes

  • Shares of Swiggy Ltd. and Eternal Ltd. have outperformed Chinese peers due to profit expectations.
  • India's e-commerce stocks, particularly in the quick-commerce sector, are thriving with Swiggy and Eternal leading the market.
  • Established players like Swiggy, Eternal, and Zepto are expected to maintain market share against new entrants due to efficient operations and supply networks.
  • Despite challenges and unprofitability, Swiggy and Eternal are poised to benefit from India's growing quick-commerce market.

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